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U.S. President Donald Trump addresses a meeting of the National Space Council in the East Room of the White House in Washington on June 18. (Photo: Reuters/Leah Millis)
Crops

Trump’s tariff war threatens to erode support of farmers

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Chicago | Reuters — President Donald Trump’s tariff battle with key buyers of U.S. apples, soybeans and corn threatens the support of some of his biggest backers — U.S. farmers now seeing their livelihoods in jeopardy. Farmers overwhelmingly supported Trump in the 2016 election, welcoming how he championed rural economies and vowed to repeal estate
J.P. Gervais, FCC chief agricultural economist, says Canadian farm balance sheets are healthy for now.
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Canadian farm balance sheets strong

FCC says the industry is doing well, but there are potential headwinds looming

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Canadian agriculture is on a sound financial footing, with record farm income and land values peaking, while the increase in farm debt — also a record — is slowing. Those are the major conclusions of the Farm Credit Canada (FCC) Outlook for Farm Assets and Debt 2016-17 report, published Sept. 7. “The balance sheet of
(Dave Bedard photo)
Crops

Farmers’ debt seen hitting fresh record high

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Reuters — Canadian farmers’ debt will likely reach another record high this year, while land appreciation slows and incomes flatten, but the industry is still in strong financial shape, the country’s biggest agriculture lender, Farm Credit Canada, forecast on Tuesday. FCC, the federal Crown ag lending agency, sounded a note of caution for farmers, who
Bags Of Money On A Farm Field
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Farm cash receipts should be stable for 2016-17

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Here’s some encouraging news. Farm cash receipts should be relatively stable across all provinces in 2016-17. Each province combines a different mix of crops and livestock products that result in varied provincial receipts, but the overall trends appear steady. There are a number of reasons this is likely to be the case. Commodity prices show
Total farm cash receipts projected to remain strong.
News

Canadian farm equipment sales forecast higher in 2017

Equipment sales and farm cash receipts are directly connected says Farm Credit Canada in a report released this week

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When farmers make money they spend it — most often on land and equipment — to improve productivity. With total Canadian farm cash receipts projected to increase just 0.1 per cent this year, Farm Credit Canada (FCC) is forecasting a seven per cent drop in farm equipment sales for 2016 and a seven per cent
Photo: Thinkstock
Crops

Six numbers in agriculture to make you stop and think

It isn’t as quiet as you might think on the home front. Yes, today’s farms seem stable, but the next evolutionary wave is gaining energy

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In 2009, total Canadian net farm income was $2.8 billion. Four years later, it was $10 billion more, with Statistics Canada’s saying a $5.6-billion rise in the total value of farm-owned inventories from the year before accounted for almost all of the increase in total net income in 2013 That inventory increase came from a
farmers talking in a field
Crops, Livestock

Income decline makes farm management skills key

But farm balance sheets are generally strong, the president of FCC says

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The analogy may be outdated, but the old advice to farmers to sharpen their pencils applies to the financial conditions they will likely face during the next few years, says Mike Hoffort, president of Farm Credit Canada. “We’ve gone through a rising cycle of farm incomes and now we’re entering a period when good management
News

Income support programs not working for farmers

But they are being helped by the low Canadian dollar

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AgriStability and AgriInvest, two key government programs to support farmers during periods of low prices, don’t do the job and many producers have dropped out of them, say Ontario and Quebec farm leaders. “Canadian farmers are asking governments to revisit our risk management programs,” Markus Haerle, vice‑chair, Grain Farmers of Ontario, told the Senate agriculture
Crops

Input costs to chip away at farmers’ shrinking income

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CNS Canada — An anticipated downturn in farm income and higher input costs mean Canadian producers will be in a tough financial position this year, the head of the National Farmers Union (NFU) predicts. Farmers’ net cash income is expected to move lower in 2016, declining nine per cent to $13.6 billion in 2016, according

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